Health Care

Oscar Health, Inc. (OSCR) options and signal

Figures as of 28 Sep 2026

OSCR is Oscar Health, Inc., a Health Care name the model ranks every trading day. The options figures are from the close on 28 Sep 2026. The model's figures are from 25 Sep 2026, one trading day behind the latest, as the Free plan shows them. Every model figure is paper trading.

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At a glance

Figure	Value	Date
IV rank	12 of 100	28 Sep
At the money IV	65.8%	28 Sep
Priced move to 30 Oct	18.3% down, 19.2% up	28 Sep
Call wall and put wall	35 and 25	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	29.65	28 Sep
Next report	9 Nov 2026	28 Sep

Options Snapshot

OSCR's IV rank is 12 of 100 on 28 Sep 2026.

Figure	Value
IV rank	12 of 100
At the money IV	65.8%, near month, 32 days
Put/call ratio, open interest	0.55
Call open interest, strikes captured near the price	131,000 contracts
Put open interest, strikes captured near the price	71,400 contracts
Cost to trade at the money	Fair, 23.9% of the option's mid price

IV rank is where the at the money IV sits among OSCR's own weekly readings, 0 the lowest and 100 the highest.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Priced Range

On 28 Sep 2026, OSCR options priced a move of 18.3 percent down and 19.2 percent up by 30 Oct 2026.

Expiry	Days	Down	Up	Range
2 Oct 2026	4	6.6%	7.3%	27.68 to 31.80
9 Oct 2026	11	11.1%	11.2%	26.36 to 32.96
23 Oct 2026	25	17.1%	16.7%	24.59 to 34.61
30 Oct 2026	32	18.3%	19.2%	24.21 to 35.35
20 Nov 2026	53	27.3%	28.5%	21.57 to 38.10
18 Dec 2026	81	30.6%	31.1%	20.59 to 38.86
19 Feb 2027	144	41.8%	46.9%	17.25 to 43.55

The range is one standard deviation either side of the close of 29.65, as the option prices imply it.

A priced move restates option prices at the close and says nothing certain about where the price goes.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Gamma Map

On 28 Sep 2026, OSCR's call wall is the 35 strike and its put wall is the 25 strike.

Figure	Value
Call wall, most open call gamma	35
Put wall, most open put gamma	25
Net dollar gamma, calls minus puts	$1.24 million
Total dollar gamma, both sides	$6.19 million
Close	29.65

Dollar gamma is stated for a one percent move in the price.

Net is calls minus puts under the standard convention, not a record of who holds the contracts.

Net gamma changes sign at 6 strikes, so no single flip strike is named.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility History

On 28 Sep 2026, OSCR's at the money IV is 65.8 percent against 20 day realized volatility of 44.2 percent.

Figure	Value
At the money IV	65.8%
Realized volatility, 20 trading days	44.2%
Realized volatility, 60 trading days	55.1%
IV against its own weekly record	Low, in the bottom fifth
Weekly readings on record	262, from 12 Mar 2021
Weeks the price moved more than the one week priced move	23.8% of 235 weeks

Realized volatility is worked out from the daily closes the desk holds, not from the option chain.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Weather

On 28 Sep 2026, OSCR's at the money IV runs from 65.5 percent at 4 days to 70.5 percent at 144 days.

Days to expiry	At the money IV
4	65.5%
11	65.5%
18	64.7%
25	61.5%
39	75.3%
53	77.1%
81	65.9%
144	70.5%

Far expiries price more volatility than near ones, an upward sloping term structure.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Smile

On 28 Sep 2026, at the 32 day expiry, OSCR's IV ten percent below the price sits 1.2 points below at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	64.6%	-1.2 points
At the money	65.8%	0.0 points
10% above the price	63.3%	-2.5 points

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Surface

On 28 Sep 2026, OSCR's surface spans 10 expiries out to 144 days, with IV from 59.4 to 83.0 percent near the price.

Figure	Value
Expiries captured	10
Nearest expiry	2 Oct 2026, 4 days
Farthest expiry	19 Feb 2027, 144 days
Points within 10% of the price, 7 days out or more	59
Lowest IV among them	59.4%
Highest IV among them	83.0%

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Expiry Ladder

On 28 Sep 2026, OSCR has 10 captured expiries, from 2 Oct 2026 to 19 Feb 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
2 Oct 2026	4	65.5%	3,442	4,015
9 Oct 2026	11	65.5%	1,140	2,001
16 Oct 2026	18	64.7%	16,276	8,452
23 Oct 2026	25	61.5%	504	1,754
30 Oct 2026	32	65.8%	1,974	1,240
6 Nov 2026	39	75.3%	6	49
20 Nov 2026	53	77.1%	20,677	25,387
18 Dec 2026	81	65.9%	8	23
15 Jan 2027	109	69.3%	84,797	26,513
19 Feb 2027	144	70.5%	2,386	1,956

Open interest is summed over the strikes captured near the price on each expiry.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Strike Table

On 28 Sep 2026, OSCR's largest open interest sits at the 35 strike, with 31,313 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
35	29,953	1,360	31,313
20	17,441	8,055	25,496
25	9,441	13,816	23,257
15	9,837	5,082	14,919
30	6,775	3,858	10,633
22	8,690	1,520	10,210

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, OSCR's at the money IV moved from 61.1 percent to 65.8 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	61.1%	65.8%	+4.6 points
Open interest, strikes captured near the price	205,777	202,600	-3,177
Put/call ratio, open interest	0.53	0.54	+0.01

Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Changed Hands

On 28 Sep 2026, 13,689 OSCR option contracts traded, 0.8 times its own recent average.

Figure	Value
Calls traded	9,432
Puts traded	4,257
Against its recent average	0.8 times
Busier than	4 of its last 20 trading days
Open interest, whole chain	301,201 contracts
Volume to open interest	0.05
Unusual volume flag	No

Traded volume and open interest are shown side by side and never combined. Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Positioning Replay

The replay holds 33 trading days of OSCR's option positioning, from 11 Aug 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
11 Aug 2026	27.97	$864,641	30	28
21 Sep 2026	31.29	$1.19 million	35	32.5
28 Sep 2026	29.65	$1.24 million	35	25

Each frame restates one nightly capture. Net is calls minus puts, a convention, not who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Read-out

On 25 Sep 2026 the desk's view of OSCR was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	30.75, the swing high of 16 Sep 2026
Level below the close	28.30, the swing low of 24 Sep 2026
Strategy family	Long straddle (buy a call and a put at the same strike)
Price target	None. The desk has no price model.

The levels are prices the shares turned at on the chart, with the date of each.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Rank by Timeframe

On 25 Sep 2026 OSCR sat at the 35th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	83 of 100	Bullish
20 trading days	49 of 100	Neutral
45 trading days	35 of 100	Neutral

100 is the top of the ranking. A name in the middle three fifths is neutral.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Timeframe Agreement

On 25 Sep 2026 OSCR's near timeframes were bullish and its long timeframe was neutral, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Bullish	1 of 2
Long	45 day	Neutral	0 of 1

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Signal History

On 25 Sep 2026 OSCR had carried no signal for at least 18 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	35 of 100
24 Sep 2026	None	53 of 100
23 Sep 2026	None	83 of 100
22 Sep 2026	None	89 of 100
21 Sep 2026	None	85 of 100
18 Sep 2026	None	89 of 100
17 Sep 2026	None	78 of 100
16 Sep 2026	None	36 of 100

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Sector Split

On 25 Sep 2026, 32 of 120 Health Care names were bullish and 52 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Health Care	120	32	52	36

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Price Chart

OSCR closed at 29.65 on 28 Sep 2026.

Figure	Value
Last close	29.65
Change over 5 trading days	-5.2%
Change over 21 trading days	-1.3%
Change over 63 trading days	+0.7%
Change over 252 trading days	+63.9%
52 week high	34.48
52 week low	10.69
20 day moving average	31.40
50 day moving average	30.71
200 day moving average	21.64
RSI, 14 days	42

Worked out from the desk's own daily bars, adjusted for share splits.

From the daily bars through 28 Sep 2026. Current on every plan.

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Earnings Radar

OSCR reports next on 9 Nov 2026, and options priced an earnings move of 23.6 percent through 20 Nov 2026.

Figure	Value
Next report	9 Nov 2026, before the open
Date	Confirmed by the company
Priced earnings move	23.6%, a straddle of $7.00 at the 30 strike, expiring 20 Nov 2026
Move after the report of 6 Aug 2026	-11.9%
Move after the report of 30 Apr 2026	+0.2%
Move after the report of 28 Jan 2026	+0.4%
Move after the report of 7 May 2025	+30.2%

The priced earnings move is the straddle's cost over the share price. It restates option prices and says nothing certain about the report.

Earnings calendar as of 28 Sep 2026. Current on every plan.

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Company Events

OSCR filed 1 current report in the 14 days to 28 Sep 2026, the latest on 16 Sep 2026.

Filed	Report	What it covers
16 Sep 2026	Current report	Regulation FD Disclosure

Filings as of 28 Sep 2026. Current on every plan.

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Seasonality

In the 5 Septembers on record, OSCR's average change was plus 1.0 percent, and it rose in 60.0 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	+1.0%	+11.6%	60.0%	5
October	-11.9%	-8.1%	0.0%	5
November	-0.3%	-0.2%	40.0%	5

Each figure is a month end to month end change in past years. A past month says nothing certain about the next one.

Monthly history through 28 Sep 2026. Current on every plan.

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Headlines

The desk's news feeds carried 2 headlines naming OSCR in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	2
Latest	28 Sep 2026

The titles are in the Headlines window, with the time each was published.

Headlines as of 28 Sep 2026. Current on every plan.

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Questions

What is OSCR's IV rank?: OSCR's IV rank is 12 of 100 on 28 Sep 2026.
What move are OSCR options pricing?: On 28 Sep 2026, OSCR options priced a move of 18.3 percent down and 19.2 percent up by 30 Oct 2026.
Where are OSCR's call wall and put wall?: On 28 Sep 2026, OSCR's call wall is the 35 strike and its put wall is the 25 strike.
What was the desk's latest view of OSCR on the Free plan?: On 25 Sep 2026 the desk's view of OSCR was neutral, paper trading.
When does OSCR report earnings next?: OSCR reports next on 9 Nov 2026, and options priced an earnings move of 23.6 percent through 20 Nov 2026.

More Health Care names

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